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Biotech / Medical : Ligand (LGND) Breakout!
LGND 192.97-1.6%Jan 16 9:30 AM EST
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To: Andrew H who wrote (4664)8/10/1997 1:31:00 PM
From: chirodoc   of 32384
 
i agree. however, MOST of the major magazines and newspapers have had articles about the possibility of a strong downdraft and how to protect yourself. there have been lots of television commentators talking about the safety of bonds. people actually gave some respect (on cnn) to grant (of grant's observer fame) recently. this means to me that (this contratry indicator) any short term (5-10%) correction could be a good buying opportunity. biotechs are at fire sale prices, as you know--only problem--what bios will survive the next 2-3 years. in a few years there will be quite a few PROFITABLE companies--a rarity now--careful selection obviously is critical--i agree that ligand looks good but biotechs can make one humble fast--is prayer helpful?
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